MGMT 404 Midterm Questions & Answers Summer

MGMT 404 Midterm Questions & Answers Summer

1. C - Which of the following best fits "Ensure that you develop the right
products that will satisfy the needs for which the project is undertaken"?
(a) Scope
(b)Resources
(c) Quality
(d)Integration
2. C - Which of the following is NOT true regarding portfolio management?
(a) A portfolio is an interface of the firm's projects and programs to its
strategy
(b)Investments are usually made at the portfolio level
(c) All projects must be aligned with programs in order to be included in
a portfolio
(d)A triangular relationship exists between projects, programs and
portfolios
3. C - The purpose of monitoring and controlling is to make sure the project is
executed as planned. Which of the following is a step performed during this
process group?
(a) The vendor turns over the final deliverables for the project
(b)Create the work breakdown structure for the project
(c) Compare results of project performance against the baseline to
measure project deviation from the plan
(d)The stakeholders define the project requirements
4. B - Three of the phases of the project lifecycle are Monitoring and
Controlling, Planning, and Executing. What is their correct order between
Initiating and Closing?
(a) Monitoring and Controlling, Planning, Executing
(b)Planning, Executing, Monitoring and Controlling
(c) Planning, Monitoring and Controlling, Executing
(d)Executing, Monitoring and Controlling, Planning